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Magma General Insurance Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 2009.

2009 | Mumbai, Maharashtra, India | Active
Last Updated:

About Magma General Insurance Limited

Magma General Insurance Limited, a active public limited company, was established on 26 June 2009 in Mumbai, Maharashtra, India. Engaging in general insurance providers within the financial and insurance service sector, it holds CIN: U66000MH2009PLC460693. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹350.00 Cr and a paid-up capital of ₹293.55 Cr.

It upholds a compliant status. Employing 2,005 professional, Its leadership includes Vinesh Mohan Kriplani (Director), Rajive Kumaraswami (Managing Director), Mayank Poddar (Director). Past directors included Swaraj Krishnan, Janet Gasper Chowdhury, Vegulaparanan Kasi Viswanathan. It holds no open charges and ₹1.19 Cr settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at Equinox Business Park, Tower 3, Ambedkar Nagar,, 2Nd Floor, Unit Number 1B & 2B, Lbs Marg, Kurla West,, Mumbai, Maharashtra, 400070.

Company Details

  • CIN/LLPIN

    U66000MH2009PLC460693

  • Registration Number

    460693

  • Incorporation Date

    26 June 2009

  • Authorized Capital

    ₹350.00 Cr

  • Paid-Up Capital

    ₹293.55 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 350.00 Cr
  • Paid Up Capital ₹ 293.55 Cr
  • Company Age 16 Year, 6 Months
  • Last Filing with ROC 31 Mar 2025
  • Satisfied Charges ₹ 1.19 Cr
Company report

Magma General Insurance Limited

Company Report FY 2025-2026

Explore comprehensive insights into Magma General Insurance Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Magma General Insurance Limited?

Current Directors

NameDesignationAppointment DateStatus
Vinesh Mohan KriplaniDirector01 Nov 2023Current
Rajive KumaraswamiManaging Director15 Jun 2016Current
Mayank PoddarDirector26 Jun 2009Current
Sandhya SharmaDirector08 Nov 2022Current
Sanjay ChamriaDirector26 Jun 2009Current
Sudhir Hansraj KapadiaDirector23 Jul 2024Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddManaging Director14 Jun 2016Past
Pramod AbcsddDirector28 Oct 2016Past
Pramod AbcsddAdditional Director23 Jul 2014Past
Pramod AbcsddAdditional Director06 Aug 2024Past
Pramod AbcsddAdditional Director28 Sep 2012Past
Pramod AbcsddAdditional Director28 Sep 2012Past

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Financial Performance of Magma General Insurance.

Magma General Insurance revenue growth over time
Magma General Insurance profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
Revenue from Operations
Total Assets
Profit or Loss
Net Worth
EBITDA

What is the Ownership and Shareholding Structure of Magma General Insurance?

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹11,924,809.00

Charges Breakdown by Lending Institutions

  • Others : 1.19 Cr

Latest Charge Details

DateLenderAmountStatus
31 Jan 2020Others₹0.68 MSatisfied
16 Oct 2019Others₹0.90 MSatisfied
19 Jul 2019Others₹1.72 MSatisfied
23 Apr 2019Others₹1.00 MSatisfied
29 Mar 2019Others₹1.30 MSatisfied

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How Many Employees Work at Magma General Insurance?

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Employee growth trends for Magma General Insurance Limited

Deals i

Graph showing company valuation over time

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Rating

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Alerts

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Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Magma General Insurance

Recent Activity within the Organization

  • Annual General Meeting

    Progress on Magma General Insurance Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was documented.

  • Director Appointment

    Progress on Jens Holger Wohlthat was appointed as a Additional Director was appointed as a Additional Director on 30 Aug 2025 & has been associated with this company since 4 months 17 days . was documented.

  • Director Appointment

    Progress on Rajive Kumaraswami was appointed as a Ceo was appointed as a Ceo on 08 Jul 2025 & has been associated with this company since 6 months 9 days . was documented.

  • Director Appointment

    Progress on Sidhi Swapnil Jatkar was appointed as a Company Secretary was appointed as a Company Secretary on 04 Apr 2025 & has been associated with this company since 9 months 12 days . was documented.

  • Balance Sheet

    Progress on Magma General Insurance Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.

  • Charges

    Progress on A charge registered on 19 Jul 2019 via Charge ID 100277858 with Others was fully satisfied on 26 Jul 2024. was documented.

Frequently Asked Questions

  • What is the CIN of Magma General Insurance Limited?

    The CIN of Magma General Insurance Limited is U66000MH2009PLC460693.

  • Where is Magma General Insurance Limited headquartered?

    Magma General Insurance Limited is headquartered at Equinox Business Park, Tower 3, Ambedkar Nagar,, 2Nd Floor, Unit Number 1B & 2B, Lbs Marg, Kurla West,, Mumbai, Maharashtra, 400070.

  • When was Magma General Insurance Limited incorporated?

    Magma General Insurance Limited was incorporated on 26 June 2009.

  • Who are the current directors of Magma General Insurance Limited?

    The current directors of Magma General Insurance Limited are

  • What is the primary industry of Magma General Insurance Limited?

    The primary industry of Magma General Insurance Limited is Financial And Insurance Service.

  • Is Magma General Insurance Limited a listed company?

    Magma General Insurance Limited is unlisted.

  • What is the capital structure of Magma General Insurance Limited?

    The authorized capital of Magma General Insurance Limited is ₹350.00 Cr, and the paid-up capital is ₹293.55 Cr.

  • What is the compliance status of Magma General Insurance Limited?

    The compliance status of Magma General Insurance Limited is Compliant.

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